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Volume 16 | Issue 27 | Thursday, July 05, 2018

The Lede


MBA, Trade Groups Ask CFPB for Multifamily Exemption to HMDA Reporting

The Mortgage Bankers Association and other industry trade groups urged the Consumer Financial Protection Bureau to narrow its definition of financial institutions subject to the Home Mortgage Disclosure Act reporting by exempting transactions secured by multifamily properties.


Top National News

Commercial/Multifamily Mortgage Debt at $3.21T in Q1

Naional Mortgage Professional, June 26, 2018--Phil Hall
Commercial/multifamily mortgage debt outstanding rose by by $44.3 billion in the first quarter, according to new data from the Mortgage Bankers Association.

RealPage: Class C is Now Cream of the Multifamily Crop

HousingWire, July 2, 2018--Jeremiah Jensen
It's the underdog story of the decade. Class-C is now on top of the multifamily food chain, boasting tighter occupancy rates than Class-B and Class-A, according to a report from RealPage.

Freddie Improves Condo Requirements

Mortgage Daily, June 27, 2018
Freddie Mac is updating its requirements to allow all comparable sales from outside new condominium projects when there have been no sales yet.

More Mortgages for Manufactured Housing Mean More Affordable Housing

Urban Institute, July 2, 2018--Laurie Goodman, Bhargavi Ganesh
In a research brief, the authors say increasing the annual supply of the one of the most affordable types of housing, manufactured housing, from the 93,000 units produced in 2017 could ease the country's severe shortage of affordable housing.

News and Trends

MBA Chart of the Week: Q1 Changes in Commercial/Multifamily Mortgage Debt Outstanding

During the first three months of 2018, commercial and multifamily mortgage debt outstanding (shown by the red line in the chart) increased more than during any other first quarter since before the Great Recession.

Life Insurers' Strong Commercial Mortgage Performance Likely to Continue

Relatively stable commercial real estate fundamentals should drive strong investment results for U.S. life insurers over the next 12 to 24 months, said Fitch Ratings, New York.

Rents Appreciate at Faster Rate in 3/4 of Nation's Largest Markets

Zillow, Seattle, said rents appreciated at a faster rate this past spring from a year ago in 27 of the 35 largest U.S. rental markets, but noted in pricier markets, rent appreciation slowed noticeably.

CMBS Market in ‘Dog Years'

Conventional wisdom suggests the commercial real estate marketplace operates in 10-year cycles--of which 2018 is Year 10. But new reports on commercial mortgage-backed securities performance indicate a market more in mid-cycle form.

Commercial/Multifamily Briefs

New York Life Real Estate Investors, New York, closed its first dedicated national value-add vehicle, The Madison Square Value Enhancement Fund.

People in the News

George Kenny Joins Greystone as Managing Director

Greystone, New York, named George Kenny Managing Director of Institutional Sales for the firm's lending operations.

Dealmaker of the Week

Dealmaker: Cushman & Wakefield Arranges $270M for Office, Multifamily

Cushman & Wakefield, Washington, D.C. secured $174 million for a 13-property multifamily portfolio and a new office building in Washington, D.C.

MBA News

CREF Market Intelligence Symposium in New York July 11-12

The Mortgage Bankers Association CREF Market Intelligence Symposium cuts through the clutter to provide hard facts about the state of commercial real estate markets--what we do and don't know.

Public Comments Sought: Revised MBA Standard Property Inspection Form

The Mortgage Bankers Association released for public comment a revision to its Standard Property Inspection Form.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Mike Sorohan 202/557-2855 

Editorial Director: Michael Tucker 202/557-2851 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856

Advertising Opportunities: Bill Farmakis 203/834-8832

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